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new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real p
new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican...
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cliff looming republicans want barack obama and democrats to fire the blood is shots of all against santa claus they want democrats to riddle social security and medicare with bullets and with the help of the corporate media republicans have managed to create this false equivalency that says of taxes go up on the wealthiest two percent of americans and the rust of the nation has to suffer from deep budget cuts to social welfare programs the unemployed would need to get by with fewer employed men to get by with fewer benefits and senior citizens have to work longer before they can qualify for medicare to them this is what's called a balanced approach. despite claims to the white house of social security is off the negotiating table both president obama and vice president biden have thrown support behind a sort of green bargain like simpson bowles that will leave the republican santa clause that delivered low tax rates nicked by paper cuts but leave the democratic santa clause a shot of a bloody mess recognizing what might be on the horizon progressive senator bernie sanders said this
cliff looming republicans want barack obama and democrats to fire the blood is shots of all against santa claus they want democrats to riddle social security and medicare with bullets and with the help of the corporate media republicans have managed to create this false equivalency that says of taxes go up on the wealthiest two percent of americans and the rust of the nation has to suffer from deep budget cuts to social welfare programs the unemployed would need to get by with fewer employed...
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Nov 29, 2012
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fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will meet on thursday with treasury sec tir tim geitner and the white house's chief congressional li aison to discuss the fiscal cliff. that's the hill newspaper. here's politico this morning, inside the talk, fiscal cliff deal emerging is what some write this morning. and that's from politico this morning. first call up on our question this morning, g.o.p. says address the spending problem and in silver spring, maryland, democrat, good morning anne. caller: yes, well i would like the g.o.p. to be a little more specifi
fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will...
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Nov 29, 2012
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jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i don't think it would be wise for them politically to take just any deal to avoid political blame for the fiscal cliff because it could cause them more internal problems looking ahead to 2014. and if you're looking from a philosophical point of view where substantively republicans believe in things and think certain things are better for the economy and the country, they will be in a weaker position to achieve any of those things. but they have to take into the consideration the idea that everybody's taxes will go up january 1st if there is no deal. it is not going to be all on the president's shoulders. in fact most of might be on theirs temporarily and for good. they have to decide what is the better position. and you know,
jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i don't think it would be wise for them politically to take just any deal to avoid political blame for the fiscal cliff because...
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Nov 29, 2012
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so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the exchange. we will bring on judge andrew napolitano to talk about this one. lori: "time" magazine announcing it candidate for person of the year. wait until you hear who the candidates are. we will handicap the list with lou dobbs. melissa stocks as we do every 15 minutes. nicole petallides standing by. stocks are losing sseam as house speaker john boehner took the podium although they have recovered a bit. nicole: is difficult to monitor which way and guess which way the market will go as each headline process crosses, we'reg the market being started around the unchan
so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the...
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Nov 29, 2012
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republicans and democrats sparring over how to avoid a fiscal cliff. potential disaster that they created. >> and a clear majority of americans. not just democrats, but also a lot of republicans and a lot of independence agreed we should have a balanced approach. >> we all know that we have had this been in crisis coming at us like a freight train. it has to be dealt with. lou: 33 days to go. can the president and congress fix the mess they have created? the "a-team" joins us. washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role. lou: israel, gaza, egypt, and ron, american foreign policy. will we ever get the fa
republicans and democrats sparring over how to avoid a fiscal cliff. potential disaster that they created. >> and a clear majority of americans. not just democrats, but also a lot of republicans and a lot of independence agreed we should have a balanced approach. >> we all know that we have had this been in crisis coming at us like a freight train. it has to be dealt with. lou: 33 days to go. can the president and congress fix the mess they have created? the "a-team" joins...
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, the dreaded fiscal cliff can be resolved. songman john yarmouth is a democrat from kentucky, the same state that mr. mcconnell, the senate minority leader, represents. good afternoon, sir. exactly what will it take to get republicans to play ball on this? do you have any idea, sir? you're there. what do they want? >> obviously it keeps changing. what's really clear right now is that they're trying to throw in all sorts of ancillary issues in this fiscal cliff debate and they have nothing to do with it. medicare, medicaid, social security, don't have anything to do with the fiscal cliff and neither does the debt ceiling. this is strictly a matter of statutory provisions that go into effect on january 1st, but they want to burden up this and muddy the water to basically, i think, to refuse to do a deal. >> right. because over in the senate, as i was saying, mitch mcconnell is refusing to even consider the president's proposal to maintain the bush tax cuts for those earning less than $250,000 a year, but to raise taxes on those
, the dreaded fiscal cliff can be resolved. songman john yarmouth is a democrat from kentucky, the same state that mr. mcconnell, the senate minority leader, represents. good afternoon, sir. exactly what will it take to get republicans to play ball on this? do you have any idea, sir? you're there. what do they want? >> obviously it keeps changing. what's really clear right now is that they're trying to throw in all sorts of ancillary issues in this fiscal cliff debate and they have...
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Nov 29, 2012
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of the fiscal cliff. that would take $900 billion off the cliff right now. so, folks, just look around here. people are consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. i know you won't tell anybody what i bought for christmas. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> vice president joe biden at the new and the first costco in washington which employs some 200 people. he was joined there by the c.e.o. of costco, who also spoke at the democratic national convention. was a major obama fundraiser. we are live back on capitol hill waiting to hear from house speaker john boehner and his weekly briefing. the speaker today was one of the leaders set to meet with treasury secretary tim geithner up on capitol hill today to talk about the fiscal cliff negotiation. we'll be hearing from the speaker sho
of the fiscal cliff. that would take $900 billion off the cliff right now. so, folks, just look around here. people are consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. i know you won't tell anybody what i bought for christmas. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> vice...
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Nov 29, 2012
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republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president, congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernbile] it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our deb
republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all...
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Nov 30, 2012
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. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on book tv. the senator has written several books including his latest "the debt bomb." join our conversation with your calls, e-mails, tweets, and comments with medical doctor and senator tom coburn. live sunday on c-span 2. >> he worked his way up into harvard law school and then at the urging of his brother in the great western illinois -- immigrated west to illinois, where the lead mining industry was in its heyday. he arrived by stagecoach and train and arrived on steamboat in this muddy mining town. he boarded himself in a log cabin, established a law practice in the log cabin, and slowly worked his way up and became a very successful lawyer. he then got involved politically, ran for congress, serve for eight terms, and then befriended abraham lincoln, obviously from illinois. then ulysses s. grant. as they were on the rise, washburn stayed with them in a close colleague during the civil war. after grant was elected president, he initially appointe
. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on book tv. the senator has written several books including his latest "the debt bomb." join our conversation with your calls, e-mails, tweets, and comments with medical doctor and senator tom coburn. live sunday on c-span 2. >> he worked his way up into harvard law school and then at the urging of his brother in the great western illinois...
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Nov 29, 2012
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president, it took four months but the republicans will finally realizing their way back from the fiscal cliff has been right in front of them all along. in july the senate passed legislation to give economic certainty to 98% of american families and to small businesses, to every american making less than $250,000 a year. for four months we've been one vote away for from a solution to this looming crisis. they've held the middle-class hostage to protect the richest 2% of taxpayers, people who enjoyed a decade of ballooning income and shrinking tax bills. one has to admire the president, who went out and campaigned on this issue. he didn't -- he didn't in any way walk away from the issue. he said that's how we're going to get our fiscal house in order. and independents by a huge margin, democrats by a huge margin, and 41e% of republicans support what the president asked us to do. now, reasonable republicans are coming around to what democrats are said all along. let's reasure millions of americans that their taxes won't go up on january 1. those are the people who are the middle class of
president, it took four months but the republicans will finally realizing their way back from the fiscal cliff has been right in front of them all along. in july the senate passed legislation to give economic certainty to 98% of american families and to small businesses, to every american making less than $250,000 a year. for four months we've been one vote away for from a solution to this looming crisis. they've held the middle-class hostage to protect the richest 2% of taxpayers, people who...